Japan Posts Longest Run of Trade Deficits in Three Decades
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Japan posted its longest run of trade deficits in three decades as exports fell in February, underscoring challenges for Bank of Japan Governor Haruhiko Kuroda in reviving the world’s third-biggest economy.
Shipments dropped 2.9 percent from a year earlier, the Finance Ministry said in Tokyo today. The median estimate of 22 economists surveyed by Bloomberg News was for a 1.7 percent decrease. Imports rose 11.9 percent, leaving a trade shortfall of 777.5 billion yen ($8.1 billion).